Capturing the important news of the day in an easy to access way. We post news we feel is relevant to our members and community banks nationwide.
Whitelist [email protected] to ensure that you receive your update email.
If you’re still having difficulties receiving this Daily Email Campaign, please contact us at once through [email protected].
CFPB Proposes Rule to Shine New Light on Small Businesses’ Access to Credit
September 2, 2021 / Source: CFPB
CFPB Proposes Rule to Shine New Light on Small Businesses’ Access to Credit Proposal Would Increase Transparency in a $2.4 Trillion Sector of the American Economy and Bolster Fair Lending WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need…
OCC Releases CRA Evaluations for 19 National Banks and Federal Savings Associations September 2, 2021
September 2, 2021 / Source: OCC
News Release 2021-90 | September 2, 2021 OCC Releases CRA Evaluations for 19 National Banks and Federal Savings Associations WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2021 through August 31, 2021. The list contains only national…
Federal Reserve Board announces termination of enforcement action with Intesa Sanpaolo S.p.A. and Intesa Sanpaolo S.p.A. New York Branch
September 2, 2021 / Source: FRB
Federal Reserve Board announces termination of enforcement action with Intesa Sanpaolo S.p.A. and Intesa Sanpaolo S.p.A. New York Branch The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Intesa Sanpaolo S.p.A., Turin, Italy and Intesa Sanpaolo S.p.A. New York Branch, New York, New York Written Agreement, dated March 2,…
CDFI Fund Announces $5 Billion in New Markets Tax Credits
September 1, 2021 / Source: tr
PRESS RELEASES CDFI Fund Announces $5 Billion in New Markets Tax Credits September 1, 2021 Awards will Spur Economic and Community Development Nationwide WASHINGTON – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits today that will spur investment and economic growth in…
Supplemental estimation methodology for institutional coverage and market-level cost estimates in the small business lending data collection notice of proposed rulemaking
September 1, 2021 / Source: CFPB
Industry and markets Supplemental estimation methodology for institutional coverage and market-level cost estimates in the small business lending data collection notice of proposed rulemaking SEP 01, 2021 On September 1, 2021, the Bureau of Consumer Financial Protection (Bureau) released a notice of proposed rulemaking (proposed rule) to amend Regulation B to implement changes to the Equal Credit…
Small Business Lending Data Collection under the Equal Credit Opportunity Act (Regulation B)
September 1, 2021 / Source: CFPB
Proposed rule Small Business Lending Data Collection under the Equal Credit Opportunity Act (Regulation B) SEP 01, 2021 The Bureau of Consumer Financial Protection (Bureau) is publishing for public comment a proposed rule amending Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) made by section 1071 of the Dodd-Frank Wall Street…
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Ida
August 31, 2021 / Source: OCC
News Release 2021-88 | Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Ida Joint Release Board of Governors of the Federal Reserve System Conference of State Bank Supervisors Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency The Office of the…
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by California Wildfires
August 31, 2021 / Source: OCC
News Release 2021-89 | August 31, 2021 Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by California Wildfires Joint Release Board of Governors of the Federal Reserve System Conference of State Bank Supervisors Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency The Office…
FinCEN to Host Innovation Hours Program Workshop on Digital Identity Services and Technologies
August 31, 2021 / Source: FinCEN
FinCEN to Host Innovation Hours Program Workshop on Digital Identity Services and Technologies Contact Office of Strategic Communications, 703-905-3770 Immediate Release August 31, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) will host a special virtual FinCEN Innovation Hours Program on October 14, 2021, focusing on the important role of digital identity to enhance financial services inclusion while…
FDIC Issues CRA Examination Schedules for Fourth Quarter 2021 and First Quarter 2022
August 30, 2021 / Source: FDIC
Press Release FDIC Issues CRA Examination Schedules for Fourth Quarter 2021 and First Quarter 2022 For Release WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2021 and first quarter 2022. CRA regulations require each federal bank and…
FDITECHÂ Opens Registration for Tech Sprint to Measure and Test Bank Resilience
August 30, 2021 / Source: FDIC
Press Release FDITECH Opens Registration for Tech Sprint to Measure and Test Bank Resilience For Release WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today opened the registration period to participate in a tech sprint designed to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions. This tech…
Acting Comptroller of the Currency Issues Statement on Civil Money Penalty Against Cadence Bank, N.A. For Violations of the Fair Housing Act
August 30, 2021 / Source: OCC
News Release 2021-87 | August 30, 2021 Acting Comptroller of the Currency Issues Statement on Civil Money Penalty Against Cadence Bank, N.A. For Violations of the Fair Housing Act WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today released the following statement upon announcement of an enforcement action against Cadence Bank, N.A., Atlanta, for violations of the Fair…
The CDC eviction moratorium has ended: Learn your options
August 27, 2021 / Source: CFPB
The CDC eviction moratorium has ended: Learn your options AUG 27, 2021 On August 26, 2021, the U.S. Supreme Court issued a decision ending the CDC eviction moratorium. If you’re unable to make your rent payments, you’re not alone — here are options and resources to help you get back on your feet. See if…
OCC to Hold Hearing on Charges Against Biagio Maffettone; Agency Seeks Prohibition Order and Civil Money Penalty
August 27, 2021 / Source: OCC
News Release 2021-84 | August 27, 2021 OCC to Hold Hearing on Charges Against Biagio Maffettone; Agency Seeks Prohibition Order and Civil Money Penalty WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a public hearing before an Administrative Law Judge beginning Tuesday, August 31, 2021, where the OCC will litigate enforcement actions against Biagio Maffettone,…
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Ida to Close
August 27, 2021 / Source: OCC
News Release 2021-86 | August 27, 2021 OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Ida to Close WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices along the Gulf Coast of the United…
Third-Party Relationships:Â Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks
August 27, 2021 / Source: OCC
OCC Bulletin 2021-40| August 27, 2021 Third-Party Relationships: Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks To Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Summary The Office of the Comptroller of the Currency (OCC), the…
FDIC Makes Public July 2021 Enforcement Actions
August 27, 2021 / Source: FDIC
Press Release FDIC Makes Public July Enforcement Actions No Administrative Hearings Scheduled for September 2021 For Release WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. There are no administrative hearings scheduled for September 2021. The FDIC issued nine…
Regulatory Relief August 26, 2021 ”Æ’
August 26, 2021 / Source: FDIC
Financial Institution Letter Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Tennessee Affected by Severe Storms and Flooding August 26, 2021 | FIL-58-2021 Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Tennessee affected by severe storms and…
Credit access declined during the pandemic for credit cards, but increased for mortgages and auto loans
August 26, 2021 / Source: CFPB
Credit access declined during the pandemic for credit cards, but increased for mortgages and auto loans By Ryan Sandler – AUG 26, 2021 This is the fifth and final post in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. This post focuses on access to new credit—the share of new credit applications…
Minutes of the Board’s discount rate meetings on July 19 and July 28, 2021
August 25, 2021 / Source: FRB
Press Release Minutes of the Board's discount rate meetings on July 19 and July 28, 2021 The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on July 19 and July 28, 2021. The minutes are attached. For media inquiries, call 202-452-2955. Attachment (PDF) Last Update: August 24, 2021
OCC Issues Fourth Quarter 2021 and First Quarter 2022 CRA Evaluation Schedule
August 25, 2021 / Source: OCC
News Release 2021-83 | August 25, 2021 OCC Issues Fourth Quarter 2021 and First Quarter 2022 CRA Evaluation Schedule WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter 2021 and first quarter 2022. The OCC encourages public comment on the national…
Federal Reserve Board announces termination of enforcement action with AllNations Bank
August 24, 2021 / Source: FRB
Press Release August 24, 2021 Federal Reserve Board announces termination of enforcement action with AllNations Bank The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: AllNations Bank, Calumet, Oklahoma Written Agreement, dated October 22, 2018 (PDF) Terminated August 19, 2021 Additional enforcement actions can be searched for here. For media…
Treasury Targets Corruption Networks in Paraguay
August 24, 2021 / Source: OFAC
PRESS RELEASES Treasury Targets Corruption Networks in Paraguay August 24, 2021 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three Paraguayan individuals, Kassem Mohamad Hijazi, Khalil Ahmad Hijazi, and Liz Paola Doldan Gonzalez, for their roles in corruption in Paraguay, as well as five associated entities connected with their…
Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition
August 23, 2021 / Source: Treasury
PRESS RELEASES Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition August 23, 2021 WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen, Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell, Chair of the Securities and Exchange Commission Gary Gensler, President and Chief Executive Officer…
Texas Man Pleads Guilty to Wire Fraud for Foreign Exchange Investment Fraud Scheme
August 23, 2021 / Source: FDIC OIG
PRESS RELEASE FOR IMMEDIATE RELEASE Monday, August 23, 2021 Texas Man Pleads Guilty to Wire Fraud for Foreign Exchange Investment Fraud Scheme A Texas man pleaded guilty today in the Southern District of Texas to defrauding investors that he solicited via social media by falsely promising high rates of return and low or no-risk returns…